According
to recent reports from the Minneapolis Area Association of Realtors, now is
the perfect window in the local housing market for sellers stewing over the
potential of selling or not to finally take that leap! With inventory not
entirely keeping pace with a high demand for homes, sellers are enjoying an
upper-hand in the current market. Homes in the Minneapolis area are fetching
top-dollar, with many sales instigating bidding wars between potential buyers.
Not only does this mean that a seller’s home will likely garner a great rate,
it also means that financial flexibility can help place you into your next
dream home.

According to the Minneapolis Area Association of Realtors, there is considerably strong demand going forward as we make our way through the wintry season. To boot, home prices are fairing strongly, and inventory—though still trying to catch up to unprecedented levels of demand—is slowly but surely keeping pace.

Research from the Minneapolis Area Association of Realtors shows that demand is up by 1.6% compared to this time last year. While that might not seem like a marked percentage increase, it actually amounts to a thousands of additional properties purchased by homebuyers in the Minneapolis area. What’s more, closed sales increased too, just shy of a percentage point at .8%, amounting to a 4,791 additional closed home sales.

For home sellers eyeing the market—and potentially their next property—rest assured that you’re likely to get a solid price for your home, with reports indicating that the median sales price for autumn this year rose by 6.5% annually. Likewise, homes on the market are selling quickly, and attractive listings are likely to garner multiple bids. According to the Minneapolis Area Association of Realtors blog, "The average percent of original list price received at sale was 96.9 percent, 0.8 higher than last year. But the median percent of current list price received is 99.6 percent, the highest level since 2005.”

Judy Shields, the President of the Minneapolis Area Association of Realtors, commented on the surge, saying, "Demand is still soaring.” This is encouraging news due to the season, where activity tends to taper off this time of year. Instead, winter 2016 is looking to be a scorcher when it comes to Minneapolis area housing market demand. In addition, the Minneapolis area labor market is going strong, and growth is on the move in all sectors, which means that prosperity in the workforce will likely translate to continued prosperity in the Twin Cities area housing market. In fact, the unemployment rate in the Minneapolis area is significantly lower than the 4.9% national average, coming in locally at 3.3%.

Though mortgage interest rates have shifted a bit, they are still far lower than the year-by-year average, which means that the time is ripe for homebuyers looking to lock in unprecedentedly attractive 30-year fixed-rate mortgage interest rates right now. This winter is surely shaping up to be a positive one in the Minneapolis area, whether you’re interested in buying or selling your home.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

According to a recent article from the Minneapolis Area Association of Realtors, those selling homes in the Minneapolis area are enjoying a boost of confidence this fall, as seller activity is up 5.6% since this time last year. 6,727 new homes have entered the Twin Cities real estate market during the month, and there’s even more good news: closed sales underwent a 5.7% bump, too, the highest level seen since 2005.

In addition to the encouraging boost for homebuyers and sellers in the Eden Prairie and Minneapolis areas, average sale prices increased 3.6% from this time last year, which is an exceptional development, considering peak home buying season concluded during the summer months. To boot, homes are more in-demand than ever, which means that they’re flying off the market at an average rate of 56 days before a closed sale.

So, how do all these facts and figures translate to those interested in buying and selling a home in the Minneapolis and Eden Prairie areas this fall or winter? For starters, sellers can part with their property with the utmost confidence that it will sell in short order, for a good price, while perfectly positioning them to embark on their next property. Eden Prairie and the Minneapolis areas are in high real estate demand, which means that selling a home at this juncture is not only a lucrative proposal, but it also means that buying your next property is a prudent investment, too. Those interested in buying a house in Eden Prairie can take particular heart, as Money Magazine recently listed the community as one of the most desirable locales in the country to own a home.

Minneapolis Area Association of Realtors president, Judy Shields, reiterated confidence in the Twin Cities’ real estate market, saying, "This market doesn’t seem to be slowing down one bit.” Likewise, MAAR president-elect, Cotty Lowry echoed that sentiment, saying, "This market is on solid footing.” Looking ahead through winter, homebuyers and sellers can rest assured that the strength of the local economy will keep the housing market steady. According to research, the Minneapolis-St. Paul region has one of the lowest unemployment rates of all major metropolitan areas, which means that growth is steady and translating to healthy housing market options and action.

With mortgage rates still hovering at exceptional lows, there’s no time like the present to make the transition into homeownership with the help of a trusted and experienced guide, like those found at Helgeson Platzke Real Estate Group. Whatever your tastes, budgets, or homeownership needs may be, at Helgeson Platzke we can make the house of your dreams a reality.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Reviews

Our home was premarketed well to quickly identify potential buyers. We
had an offer within one day our listing went live. Ryan has a complete
team that assists with everything from staging to final close and is
personally involved with the process as well. He is available to answer
questions and follows up on calls well. We have friends that have had
similar great experiences as well.

Greg Parish

I've done real estate all my life, and finding the right price is critical in selling a house. It was helpful to have Brace there to go through that with me and give me his counsel along the way. I didn't necessarily want to hear about the price of my house going down, but he delivered it as objectively as he could. Once I started getting offers, I was glad I had Brace representing me. His expertise in going through the process, talking it through with me, and handling the negotiations, was a huge support.

Tom Siefert

Ryan is a great realtor. His skills and abilities, combined with his
focus on customer needs, made the most of our time and money on the
purchase of our new home. And when we have referred him to others, they
have also reported positive experiences. We trust him whenever the
subject of real estate comes up.

Jeff and Geneva Sorum

My experience with The Brace Helgeson Group has always been pleasant. I've been using them for about five months and they've been very helpful and professional. I think it's very important to have a good Realtor when selling your house, that's key. The Brace Helgeson Group is professional and helpful!

C.K. Lam

We decided to work with Brace to sell our home based on his reputation as being Eden Prairie's #1 Homeseller since 1995 and his team delivered beyond our expectations. Brace had our home under contract within one week of listing it on the market. Brace provided excellent advice on the list price ("Price right and hold tight"!) and suggested some cosmetic changes that made our house very attractive to potential buyers. Brace's excellent marketing strategy ensured everyone looking for a home in our area knew about our property, which resulted in 27 showings in one week! In addition to getting the house under contract, Brace's entire team ensured that the full process up through closing went smoothly. We didn't have one delay and the house closed in 6 weeks from the day the contract was ratified. If you are looking for a professional team that will partner with you to sell your home quickly, then contact Brace today."

Audra Faiola & Alex Martin

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